Month: October 2015

Programs that wipe away debt can benefit students – if they stay on top of paperwork and other requirements. Forgiveness programs can be lifesavers for borrowers drowning in student loan debt. For example, graduates with...VIEW MORE

After summarizing President Obama’s 2015 Budget Proposal last week, I was amazed at how much confusion there was related to the Public Service Loan Forgiveness Cap ($57,500) and the new Pay As You Earn limits and benefits....VIEW MORE

There is more than $1.3 trillion in outstanding student loan debt weighing down personal balance sheets for recent (and not so recent) college graduates. Fortunately, there are many state and federal programs that help people manage this...VIEW MORE

President Obama is in the process of expanding a student loan forgiveness program through his executive power (the infamous pen). Whether constitutional or not, he appears to believe that he can add more students to the eligibility...VIEW MORE

Federal budget limitations could push Congress to cap forgiveness amounts – but that may not affect borrowers already in the program. Lately, there’s been an uptick of consumers worried that the federal public service loan forgiveness program...VIEW MORE

What’s come to be known as Obama Student Loan Forgiveness is really the William D. Ford Direct Loan program, formed as part of the Health Care and Education Reconciliation Act of 2010. It applies to only federal...VIEW MORE

One of the most common ways to get student loan forgiveness is to qualify for Public Service Loan Forgiveness (PSLF). The PSLF program is intended to encourage individuals to enter and continue to work in full time...VIEW MORE

If you have more student loan debt than you can handle, or if you’ve been paying and paying (and paying) and can’t make headway, chances are you’ve wondered about student loan forgiveness. As you look into your...VIEW MORE

Public Service Loan Forgiveness is just one of many methods to help financially challenged borrowers. We recently devoted an entire post to explaining all the details, facts and myths surrounding the Public Service Loan Forgiveness program. If...VIEW MORE

Student loans have the highest delinquency and default rates of any consumer debt; evidence that many of the 43 million holders of this $1.3 trillion liability need some assistance to manage the repayment of these large balances...VIEW MORE

Headlines

June 15, 2017

For most borrowers, federal student loans don’t go away until you pay them off. But in rare cases, the government will discharge the remaining balance of your student loans. In fact, there are seven options for student...VIEW MORE

June 14, 2017

Americans now hold more student loan debt than ever before, and many workers must pay off loans before they can start thinking about their financial future. Last week, Memphis announced the launch of a Student Loan Reduction...VIEW MORE

June 08, 2017

The Education Department said Tuesday that the hundreds of thousands of doctors, lawyers, teachers and social workers on track for a form of student loan forgiveness will not be affected by President Trump’s proposal to get rid...VIEW MORE

June 07, 2017

Curry Oglesby knows the challenges firsthand of trying to pay down her debt and also plan for her future. “It’s not like I have savings right now,” she said. The 30-year-old graduated from Howard University in 2009...VIEW MORE